BILL NUMBER: SB 1607	CHAPTERED  09/30/00

	CHAPTER   978
	FILED WITH SECRETARY OF STATE   SEPTEMBER 30, 2000
	APPROVED BY GOVERNOR   SEPTEMBER 29, 2000
	PASSED THE SENATE   AUGUST 30, 2000
	PASSED THE ASSEMBLY   AUGUST 28, 2000
	AMENDED IN ASSEMBLY   AUGUST 25, 2000
	AMENDED IN ASSEMBLY   AUGUST 23, 2000
	AMENDED IN ASSEMBLY   AUGUST 7, 2000
	AMENDED IN ASSEMBLY   JULY 5, 2000
	AMENDED IN ASSEMBLY   JUNE 13, 2000
	AMENDED IN SENATE   MAY 16, 2000
	AMENDED IN SENATE   APRIL 24, 2000
	AMENDED IN SENATE   APRIL 3, 2000

INTRODUCED BY   Senator Figueroa
   (Principal coauthor:  Senator Johnson)
   (Coauthors:  Senators Johannessen, Morrow, Murray, Ortiz, Schiff,
Solis, and Speier)
   (Coauthors:  Assembly Members Alquist, Aroner, Bock, Cardenas,
Dutra, Havice, Honda, Jackson, Keeley, Leach, Lempert, Leonard,
Longville, Shelley, and Strom-Martin)

                        FEBRUARY 22, 2000

   An act to amend Sections 1785.10, 1785.15, and 1785.16 of, and to
add Sections 1785.15.1, 1785.15.2, and 1785.20.2 to, the Civil Code,
relating to consumer credit.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1607, Figueroa.  Consumer credit reporting agencies.
   Existing law governs the collection and disclosure of consumer
credit reports.  A consumer credit reporting agency must disclose the
recipients of any consumer credit report regarding a consumer which
the agency has furnished under specified circumstances.  A consumer
credit reporting agency must also make specified disclosures of, or
provide notice regarding, information contained in a consumer credit
report upon request of the consumer.
   This bill, operative July 1, 2001, would require a consumer credit
reporting agency to disclose specified information, including the
consumer's credit score and an explanation of the credit score, as
defined, and the key factors, as defined, under specified
circumstances.  This bill would permit a consumer credit reporting
agency to charge a reasonable fee for providing credit score
information.  This bill would also require a person using a credit
score in connection with a loan secured by residential real property,
as defined, to provide to a consumer a copy of those same
disclosures required above along with a specified notice to the loan
applicant except as specified.  This bill would provide that a person
is not obliged to explain the information provided.  This bill would
further provide that any contractual provisions that prohibit the
disclosure of a credit score by a person who makes or arranges loans
or a consumer credit reporting agency are void, and that a lender
shall not have liability for disclosure of credit scores under any
contractual provision.  This bill would provide that a person using
an automated underwriting system may satisfy its requirements in a
specified way.  The bill would also make related changes.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:


  SECTION 1.  Section 1785.10 of the Civil Code is amended to read:
   1785.10.  (a) Every consumer credit reporting agency shall, upon
request and proper identification of any consumer, allow the consumer
to visually inspect all files maintained regarding that consumer at
the time of the request.
   (b) Every consumer reporting agency, upon contact by a consumer by
telephone, mail, or in person regarding information which may be
contained in the agency files regarding that consumer, shall promptly
advise the consumer of his or her rights under Sections 1785.19 and
1785.19.5, and of the obligation of the agency to provide disclosure
of the files in person, by mail, or by telephone pursuant to Section
1785.15, including the obligation of the agency to provide a decoded
written version of the file or a written copy of the file with an
explanation of any code, including any credit score used, and the key
factors, as defined in Section 1785.15.1, if the consumer so
requests that copy.  The disclosure shall be provided in the manner
selected by the consumer, chosen from among any reasonable means
available to the consumer credit reporting agency.
   The agency shall determine the applicability of subdivision (1) of
Section 1785.17 and, where applicable, the agency shall inform the
consumer of the rights under that section.
   (c) All information on a consumer in the files of a consumer
credit reporting agency at the time of a request for inspection under
subdivision (a), shall be available for inspection, including the
names and addresses of the sources of information.
   (d) (1) The consumer credit reporting agency shall also disclose
the recipients of any consumer credit report on the consumer which
the consumer credit reporting agency has furnished:
   (A) For employment purposes within the two-year period preceding
the request.
   (B) For any other purpose within the 12-month period preceding the
request.
   (2) Disclosure of recipients of consumer credit reports for
purposes of this subdivision shall include the name of the recipient
or, if applicable, the fictitious business name under which the
recipient does business disclosed in full.  If requested by the
consumer, the identification shall also include the address of the
recipient.
   (e) The consumer credit reporting agency shall also disclose a
record of all inquiries received by the agency in the 12-month period
preceding the request that identified the consumer in connection
with a credit transaction which is not initiated by the consumer.
This record of inquiries shall include the name of each recipient
making an inquiry.
  SEC. 2.  Section 1785.15 of the Civil Code is amended to read:
   1785.15.  (a) A consumer credit reporting agency shall supply
files and information required under Section 1785.10 during normal
business hours and on reasonable notice.  In addition to the
disclosure provided by this chapter and any disclosures received by
the consumer, the consumer has the right to request and receive all
of the following:
   (1) Either a decoded written version of the file or a written copy
of the file, including all information in the file at the time of
the request, with an explanation of any code used.
   (2) A credit score for the consumer, the key factors, and the
related information, as defined in and required by Section 1785.15.1.

   (3) A record of all inquiries, by recipient, which result in the
provision of information concerning the consumer in connection with a
credit transaction that is not initiated by the consumer and which
were received by the consumer credit reporting agency in the 12-month
period immediately preceding the request for disclosure under this
section.
   (4) The recipients, including end users specified in Section
1785.22, of any consumer credit report on the consumer which the
consumer credit reporting agency has furnished:
   (A) For employment purposes within the two-year period preceding
the request.
   (B) For any other purpose within the 12-month period preceding the
request.
   Identification for purposes of this paragraph shall include the
name of the recipient or, if applicable, the fictitious business name
under which the recipient does business disclosed in full.  If
requested by the consumer, the identification shall also include the
address of the recipient.
   (b) Files maintained on a consumer shall be disclosed promptly as
follows:
   (1) In person, at the location where the consumer credit reporting
agency maintains the trained personnel required by subdivision (d),
if he or she appears in person and furnishes proper identification.
   (2) By mail, if the consumer makes a written request with proper
identification for a copy of the file or a decoded written version of
that file to be sent to the consumer at a specified address.  A
disclosure pursuant to this paragraph shall be deposited in the
United States mail, postage prepaid, within five business days after
the consumer's written request for the disclosure is received by the
consumer credit reporting agency.  Consumer credit reporting agencies
complying with requests for mailings under this section shall not be
liable for disclosures to third parties caused by mishandling of
mail after the mailings leave the consumer reporting agencies.
   (3) A summary of all information contained in files on a consumer
and required to be provided by Section 1785.10 shall be provided by
telephone, if the consumer has made a written request, with proper
identification for telephone disclosure.
   (4) Information in a consumer's file required to be provided in
writing under this section may also be disclosed in another form if
authorized by the consumer and if available from the consumer credit
reporting agency.  For this purpose a consumer may request disclosure
in person pursuant to Section 1785.10, by telephone upon disclosure
of proper identification by the consumer, by electronic means if
available from the consumer credit reporting agency, or by any other
reasonable means that is available from the consumer credit reporting
agency.
   (c) "Proper identification," as used in subdivision (b) means that
information generally deemed sufficient to identify a person.  Only
if the consumer is unable to reasonably identify himself or herself
with the information described above, may a consumer credit reporting
agency require additional information concerning the consumer's
employment and personal or family history in order to verify his or
her identity.
   (d) The consumer credit reporting agency shall provide trained
personnel to explain to the consumer any information furnished him or
her pursuant to Section 1785.10.
   (e) The consumer shall be permitted to be accompanied by one other
person of his or her choosing, who shall furnish reasonable
identification.  A consumer credit reporting agency may require the
consumer to furnish a written statement granting permission to the
consumer credit reporting agency to discuss the consumer's file in
that person's presence.
   (f) Any written disclosure by a consumer credit reporting agency
to any consumer pursuant to this section shall include a written
summary of all rights the consumer has under this title and in the
case of a consumer credit reporting agency which compiles and
maintains consumer credit reports on a nationwide basis, a toll-free
telephone number which the consumer can use to communicate with the
consumer credit reporting agency. The written summary of rights
required under this subdivision is sufficient if in substantially the
following form:
   "You have a right to obtain a copy of your credit file from a
consumer credit reporting agency.  You may be charged a reasonable
fee not exceeding eight dollars ($8).  There is no fee, however, if
you have been turned down for credit, employment, insurance, or a
rental dwelling because of information in your credit report within
the preceding 60 days.  The consumer credit reporting agency must
provide someone to help you interpret the information in your credit
file.
   You have a right to dispute inaccurate information by contacting
the consumer credit reporting agency directly.  However, neither you
nor any credit repair company or credit service organization has the
right to have accurate, current, and verifiable information removed
from your credit report.  Under the Federal Fair Credit Reporting
Act, the consumer credit reporting agency must remove accurate,
negative information from your report only if it is over seven years
old.  Bankruptcy information can be reported for 10 years.
   If you have notified a credit reporting agency in writing that you
dispute the accuracy of information in your file, the consumer
credit reporting agency must then, within 30 business days,
reinvestigate and modify or remove inaccurate information.  The
consumer credit reporting agency may not charge a fee for this
service.  Any pertinent information and copies of all documents you
have concerning an error should be given to the consumer credit
reporting agency.
   If reinvestigation does not resolve the dispute to your
satisfaction, you may send a brief statement to the consumer credit
reporting agency to keep in your file, explaining why you think the
record is inaccurate.  The consumer credit reporting agency must
include your statement about disputed information in a report it
issues about you.
   You have a right to receive a record of all inquiries relating to
a credit transaction initiated in 12 months preceding your request.
This record shall include the recipients of any consumer credit
report.
   You may request in writing that the information contained in your
file not be provided to a third party for marketing purposes.
   You have a right to bring civil action against anyone, including a
consumer credit reporting agency, who improperly obtains access to a
file, knowingly or willfully misuses file data, or fails to correct
inaccurate file data."
  SEC. 3.  Section 1785.15.1 is added to the Civil Code, to read:
   1785.15.1.  (a) Upon the consumer's request for a credit score, a
consumer credit reporting agency shall supply to a consumer a notice
which shall include the information described in paragraphs (1) to
(5), inclusive, and a statement indicating that the information and
credit scoring model may be different than the credit score that may
be used by the lender.  However, if the consumer requests the credit
file and not the credit score, then the consumer shall receive the
credit file and a statement that he or she may request and obtain a
credit score.
   (1) The consumer's current credit score or the consumer's most
recent credit score that was previously calculated by the credit
reporting agency for a purpose related to the extension of credit.
   (2) The range of possible credit scores under the model used.
   (3) All the key factors that adversely affected the consumer's
credit score in the model used, the total number of which shall not
exceed four.
   (4) The date the credit score was created.
   (5) The name of the person or entity that provided the credit
score or credit file upon which the credit score was created.
   (b) For purposes of this act, "credit score" means a numerical
value or a categorization derived from a statistical tool or modeling
system used by a person who makes or arranges a loan to predict the
likelihood of certain credit behaviors, including default.  The
numerical value or the categorization derived from this analysis may
also be referred to as a "risk predictor" or "risk score."  "Credit
score" does not include any mortgage score or rating of an automated
underwriting system that considers one or more factors in addition to
credit information, including, but not limited to, the loan to value
ratio, the amount of down payment, or a consumer's financial assets.
  "Credit score" does not include other elements of the underwriting
process or underwriting decision.
   (c) For the purposes of this section, "key factors" means all
relevant elements or reasons adversely affecting the credit score for
the particular individual listed in the order of their importance
based on their effect on the credit score.
   (d) The information required by this section shall be provided in
the same timeframe and manner as the information described in Section
1785.15.
   (e) This section shall not be construed to compel a consumer
reporting agency to develop or disclose a score if the agency does
not (1) distribute scores that are used in connection with
residential real property loans, or (2) develop scores that assist
credit providers in understanding a consumer's general credit
behavior and predicting his or her future credit behavior.
   (f) This section shall not be construed to require a consumer
credit reporting agency that distributes credit scores developed by
another person or entity to provide a further explanation of them, or
to process a dispute arising pursuant to subdivision (a) of Section
1785.16, except that the consumer credit reporting agency shall
provide the consumer with the name and address and website for
contacting the person or entity who developed the score or developed
the methodology of the score.  This subdivision does not apply to a
consumer credit reporting agency that develops or modifies scores
that are developed by another person or entity.
   (g) This section shall not be construed to require a consumer
reporting agency to maintain credit scores in its files.
  SEC. 4.  Section 1785.15.2 is added to the Civil Code, to read:
   1785.15.2.  (a) In complying with Section 1785.15.1, a consumer
credit reporting agency shall supply the consumer with a credit score
that is derived from a credit scoring model that is widely
distributed to users by that consumer credit reporting agency in
connection with residential real property loans or with a credit
score that assists the consumer in understanding the credit scoring
assessment of his or her credit behavior and predictions about his or
her future credit behavior, and a statement indicating that the
information and credit scoring model may be different than that used
by the lender.
   (b) A consumer credit reporting agency may charge a reasonable fee
for providing the information required under Section 1785.15.1.
  SEC. 5.  Section 1785.16 of the Civil Code is amended to read:
   1785.16.  (a) If the completeness or accuracy of any item of
information contained in his or her file is disputed by a consumer,
and the dispute is conveyed directly to the consumer credit reporting
agency by the consumer or user on behalf of the consumer, the
consumer credit reporting agency shall within a reasonable period of
time and without charge, reinvestigate and record the current status
of the disputed information before the end of the 30-business-day
period beginning on the date the agency receives notice of the
dispute from the consumer or user, unless the consumer credit
reporting agency has reasonable grounds to believe and determines
that the dispute by the consumer is frivolous or irrelevant,
including by reason of a failure of the consumer to provide
sufficient information, as requested by the consumer credit reporting
agency, to investigate the dispute.  Unless the consumer credit
reporting agency determines that the dispute is frivolous or
irrelevant, before the end of the five-business-day period beginning
on the date the consumer credit reporting agency receives notice of
dispute under this section, the agency shall notify any person who
provided information in dispute at the address and in the manner
specified by the person.  A consumer credit reporting agency may
require that disputes by consumers be in writing.
   (b) In conducting that reinvestigation the consumer credit
reporting agency shall review and consider all relevant information
submitted by the consumer with respect to the disputed item of
information.  If the consumer credit reporting agency determines that
the dispute is frivolous or irrelevant, it shall notify the consumer
by mail or, if authorized by the consumer for that purpose, by any
other means available to the consumer credit reporting agency, within
five business days after that determination is made that it is
terminating its reinvestigation of the item of information.  In this
notification, the consumer credit reporting agency shall state the
specific reasons why it has determined that the consumer's dispute is
frivolous or irrelevant.  If the disputed item of information is
found to be inaccurate, missing, or can no longer be verified by the
evidence submitted, the consumer credit reporting agency shall
promptly add, correct, or delete that information from the consumer's
file.
   (c) No information may be reinserted in a consumer's file after
having been deleted pursuant to this section unless the person who
furnished the information certifies that the information is accurate.
  If any information deleted from a consumer's file is reinserted in
the file, the consumer credit reporting agency shall promptly notify
the consumer of the reinsertion in writing or, if authorized by the
consumer for that purpose, by any other means available to the
consumer credit reporting agency.  As part of, or in addition to,
this notice the consumer credit reporting agency shall, within five
business days of reinserting the information, provide the consumer in
writing (1) a statement that the disputed information has been
reinserted, (2) a notice that the agency will provide to the
consumer, within 15 days following a request, the name, address, and
telephone number of any furnisher of information contacted or which
contacted the consumer credit reporting agency in connection with the
reinsertion, (3) the toll-free telephone number of the consumer
credit reporting agency that the consumer can use to obtain this
name, address, and telephone number, and (4) a notice that the
consumer has the right to a reinvestigation of the information
reinserted by the consumer credit reporting agency and to add a
statement to his or her file disputing the accuracy or completeness
of the information.
   (d) A consumer credit reporting agency shall provide written
notice to the consumer of the results of any reinvestigation under
this subdivision, within five days of completion of the
reinvestigation.  The notice shall include (1) a statement that the
reinvestigation is completed, (2) a consumer credit report that is
based on the consumer's file as that file is revised as a result of
the reinvestigation, (3) a description or indication of any changes
made in the consumer credit report as a result of those revisions to
the consumer's file and a description of any changes made or sought
by the consumer that were not made and an explanation why they were
not made, (4) a notice that, if requested by the consumer, a
description of the procedure used to determine the accuracy and
completeness of the information shall be provided to the consumer by
the consumer credit reporting agency, including the name, business
address, and telephone number of any furnisher of information
contacted in connection with that information, (5) a notice that the
consumer has the right to add a statement to the consumer's file
disputing the accuracy or completeness of the information, (6) a
notice that the consumer has the right to request that the consumer
credit reporting agency furnish notifications under subdivision (h),
(7) a notice that the dispute will remain on file with the agency as
long as the credit information is used, and (8) a statement about the
details of the dispute will be furnished to any recipient as long as
the credit information is retained in the agency's data base.  A
consumer credit reporting agency shall provide the notice pursuant to
this subdivision respecting the procedure used to determine the
accuracy and completeness of information, not later than 15 days
after receiving a request from the consumer.
   (e) The presence of information in the consumer's file that
contradicts the contention of the consumer shall not, in and of
itself, constitute reasonable grounds for believing the dispute is
frivolous or irrelevant.
   (f) If the consumer credit reporting agency determines that the
dispute is frivolous or irrelevant, or if the reinvestigation does
not resolve the dispute, or if the information is reinserted into the
consumer's file pursuant to subdivision (c), the consumer may file a
brief statement setting forth the nature of the dispute.  The
consumer credit reporting agency may limit these statements to not
more than 100 words if it provides the consumer with assistance in
writing a clear summary of the dispute.
   (g) Whenever a statement of dispute is filed, the consumer credit
reporting agency shall, in any subsequent consumer credit report
containing the information in question, clearly note that the
information is disputed by the consumer and shall include in the
report either the consumer's statement or a clear and accurate
summary thereof.
   (h) Following the deletion of information from a consumer's file
pursuant to this section, or following the filing of a statement of
dispute pursuant to subdivision (f), the consumer credit reporting
agency, at the request of the consumer, shall furnish notification
that the item of information has been deleted or that the item of
information is disputed.  In the case of disputed information, the
notification shall include the statement or summary of the dispute
filed pursuant to subdivision (f).  This notification shall be
furnished to any person designated by the consumer who has, within
two years prior to the deletion or the filing of the dispute,
received a consumer credit report concerning the consumer for
employment purposes, or who has, within 12 months of the deletion or
the filing of the dispute, received a consumer credit report
concerning the consumer for any other purpose, if these consumer
credit reports contained the deleted or disputed information.  The
consumer credit reporting agency shall clearly and conspicuously
disclose to the consumer his or her rights to make a request for this
notification.  The disclosure shall be made at or prior to the time
the information is deleted pursuant to this section or the consumer's
statement regarding the disputed information is received pursuant to
subdivision (f).
   (i) A consumer credit reporting agency shall maintain reasonable
procedures to prevent the reappearance in a consumer's file and in
consumer credit reports of information that has been deleted pursuant
to this section and not reinserted pursuant to subdivision (c).
   (j) If the consumer's dispute is resolved by deletion of the
disputed information within three business days, beginning with the
day the consumer credit reporting agency receives notice of the
dispute in accordance with subdivision (a), and provided that
verification thereof is provided to the consumer in writing within
five business days following the deletion, then the consumer credit
reporting agency shall be exempt from requirements for further action
under subdivisions (d), (f), and (g).
   (k) If a consumer submits to a credit reporting agency a copy of a
valid police report filed pursuant to Section 530.5 of the Penal
Code, the consumer credit reporting agency shall promptly and
permanently block reporting any information that the consumer alleges
appears on his or her credit report as a result of a violation of
Section 530.5 of the Penal Code so that the information cannot be
reported.  The consumer credit reporting agency shall promptly notify
the furnisher of the information that the information has been so
blocked.  Furnishers of information and consumer credit reporting
agencies shall ensure that information is unblocked only upon a
preponderance of the evidence establishing the facts required under
paragraph (1), (2), or (3).  The permanently blocked information
shall be unblocked only if:  (1) the information was blocked due to
fraud, or (2) the consumer agrees that the blocked information, or
portions of the blocked information, were blocked in error, or (3)
the consumer knowingly obtained possession of goods, services, or
moneys as a result of the blocked transaction or transactions or the
consumer should have known that he or she obtained possession of
goods, services, or moneys as a result of the blocked transaction or
transactions.  If blocked information is unblocked pursuant to this
subdivision, the consumer shall be promptly notified in the same
manner as consumers are notified of the reinsertion of information
pursuant to subdivision (c).  The prior presence of the blocked
information in the consumer credit reporting agency's file on the
consumer is not evidence of whether the consumer knew or should have
known that he or she obtained possession of any goods, services, or
moneys.  For the purposes of this subdivision, fraud may be
demonstrated by circumstantial evidence.  In unblocking information
pursuant to this subdivision, furnishers and consumer credit
reporting agencies shall be subject to their respective requirements
pursuant to this title regarding the completeness and accuracy of
information.
   (l) Any provision in a contract that prohibits the disclosure of a
credit score by a person who makes or arranges loans or a consumer
credit reporting agency is void.  A lender shall not have liability
under any contractual provision for disclosure of a credit score.
  SEC. 6.  Section 1785.20.2 is added to the Civil Code, to read:
   1785.20.2.  Any person who makes or arranges loans and who uses a
consumer credit score as defined in Section 1785.15.1 in connection
with an application initiated or sought by a consumer for a closed
end loan or establishment of an open end loan for a consumer purpose
that is secured by one to four units of residential real property
shall provide the following to the consumer as soon as reasonably
practicable:
   (a) A copy of the information identified in subdivision (a) of
Section 1785.15.1 that was obtained from a credit reporting agency or
was developed and used by the user of the information.  In addition
to the information provided to it by a third party that provided the
credit score or scores, a lender is only required to provide the
notice contained in subdivision (d).
   (b) If a person who is subject to this section uses an automated
underwriting system to underwrite a loan, that person may satisfy the
obligation to provide a credit score by disclosing a credit score
and associated key factors supplied by a consumer credit reporting
agency.  However, if a numerical credit score is generated by an
automated underwriting system used by an enterprise, and that score
is disclosed to the person, it shall be
              disclosed to the consumer consistent with subdivision
(c).  For purposes of this subdivision, the term "enterprise" shall
have the meaning provided in paragraph (6) of Section 4502 of Title
12 of the United States Code.
   (c) A person subject to the provisions of this section who uses a
credit score other than a credit score provided by a consumer
reporting agency may satisfy the obligation to provide a credit score
by disclosing a credit score and associated key factors supplied by
a consumer credit reporting agency.
   (d) A copy of the following notice, which shall include the name,
address, and telephone number of each credit bureau providing a
credit score that was used:
      NOTICE TO THE HOME LOAN APPLICANT

   In connection with your application for a home loan, the lender
must disclose to you the score that a credit bureau distributed to
users and the lender used in connection with your home loan, and the
key factors affecting your credit scores.
   The credit score is a computer generated summary calculated at the
time of the request and based on information a credit bureau or
lender has on file.  The scores are based on data about your credit
history and payment patterns.  Credit scores are important because
they are used to assist the lender in determining whether you will
obtain a loan.  They may also be used to determine what interest rate
you may be offered on the mortgage.  Credit scores can change over
time, depending on your conduct, how your credit history and payment
patterns change, and how credit scoring technologies change.
   Because the score is based on information in your credit history,
it is very important that you review the credit-related information
that is being furnished to make sure it is accurate.  Credit records
may vary from one company to another.
   If you have questions about your credit score or the credit
information that is furnished to you, contact the credit bureau at
the address and telephone number provided with this notice, or
contact the lender, if the lender developed or generated the credit
score.  The credit bureau plays no part in the decision to take any
action on the loan application and is unable to provide you with
specific reasons for the decision on a loan application.
   If you have questions concerning the terms of the loan, contact
the lender.
   (e) This section shall not require any person to do the following:

   (1) Explain the information provided pursuant to Section
1785.15.1.
   (2) Disclose any information other than a credit score or key
factor, as defined in Section 1785.15.1.
   (3) Disclose any credit score or related information obtained by
the user after a loan has closed.
   (4) Provide more than one disclosure per loan transaction.
   (5) Provide the disclosure required by this section when another
person has made the disclosure to the consumer for that loan
transaction.
   (f) Any person's obligation pursuant to this section shall be
limited solely to providing a copy of the information that was
received from the consumer credit reporting agency.  No person has
liability under this section for the content of that information or
for the omission of any information within the report provided by the
consumer credit reporting agency.
   (g) As used in this section, the term "person" does not include an
"enterprise" as defined in paragraph (6) of Section 4502 of Title 12
of the United States Code.
  SEC. 7.  This act shall become operative on July 1, 2001.
